Mailbag

Mailbag

Letters to Barron's about business conditions, the Keystone XL pipeline, Carl Icahn's critique of Warren Buffett and the executive pay package at Coke, and the underlying problem at DuPont.

May 17, 2014 3:25 a.m. ET

Rights and Wrongs

To the Editor: The April 28 interview with Doug Kass, "Preparing for the Bear's Return," was intriguing, but Kass managed to be wrong on almost every single fundamental point. Corporate productivity will continue to improve through the application of technology; fixed-cost reductions by corporations are not done; the employment market is still swamped with unemployed and underemployed workers, so labor costs will not be rising; interest expenses and tax rates are not going to rise because this is the new normal and no politician would keep his or her job thinking otherwise; the U.S. is...